posted
Credit Crad companies make cash on merchants when you make a credit card purchase I believe, also banks pay them in order to issue cards to their members.
Behind each credit card is a major creditor(bank).
Say you use your card to buy $2 in gas, well, most gas stations don't like this because they are actually losing money due to the cost they pay for taking payment by way of credit cards v. the amount they make on the gas sale.
Some gas stations, for example, won't accept payment by credit card unless you purchase a certain amount of gas.
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
| IP: Logged |
posted
Thats true Peaser. I think Mastercard is just the vehicle by which people pay and they take a fee. Not a bad idea, no risk.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
Thats true Baxt, definitely true. Especially if they lose the upcoming lawsuits against them, however, in the meantime we just hit a new HOD
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
A lot of people have to be watching this one now. It got Cramers "Buy, Buy, Buy" rating. It had a strong IPO day, only a small red day thereafter, and its the largest public credit card company in teh world.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
This will just take patience and we will all benefit.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
Hey, I'll take 2% gains every day. This still looks great.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
ASK IS AT $50.20. MasterCard RULES!!!!!!!!!!!
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
Wow...what a dip. Every time this stock starts strong it dips stronger. Thats ok though, next few days should be up 1-5% per day and then this baby is an $80 stock.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
What is up with MasterCard the past two days. It rocketed up yesterday and then dumped, now its red again.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
Well the news wasn't great yesterday so I figure that accounts for it. But all the analysts that I have been listening to all say that the lawsuits won't amount to anything. So I am still looking for this to hit $80 or $90.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
You guys think that this is response from that BS news yesterday about court cases? I do not think that anything will come of it, but maybe investors are getting scared.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
Think investors are scared in general. I think MA's drop has more to do with the market condition than anything company specific.
Posts: 1053 | Registered: Mar 2006
| IP: Logged |
posted
Made a nice bounce there. Back at $47.00, not bad.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
What a finish!!!! Went green.... Go MasterCard!!!!
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
quote:Originally posted by Baxt06: Think investors are scared in general. I think MA's drop has more to do with the market condition than anything company specific.
My thoughts as well. It all depends on what comes out of Bernanke's mouth in the next FED meeting IMO. I'm looking for a pause in rates going higher; however, many others think that a raise is coming and have pulled their cash out of the market.
We recovered strong yesterday, just as the markets evened out.
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
![[Big Grin]](biggrin.gif)
